GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONLGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.01, but opened at $4.55. GraniteShares 2x Long COIN Daily ETF shares last traded at $4.86, with a volume of 6,032,912 shares changing hands.

GraniteShares 2x Long COIN Daily ETF Trading Down 2.4%

The company has a fifty day moving average of $6.13 and a 200-day moving average of $8.61.

Institutional Trading of GraniteShares 2x Long COIN Daily ETF

Several institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of GraniteShares 2x Long COIN Daily ETF in the fourth quarter valued at about $44,000. Parallel Advisors LLC boosted its holdings in GraniteShares 2x Long COIN Daily ETF by 353.3% during the first quarter. Parallel Advisors LLC now owns 6,800 shares of the company’s stock worth $48,000 after purchasing an additional 5,300 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Long COIN Daily ETF during the fourth quarter worth about $78,000. NewEdge Advisors LLC grew its position in GraniteShares 2x Long COIN Daily ETF by 58.0% in the 1st quarter. NewEdge Advisors LLC now owns 16,075 shares of the company’s stock worth $113,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Peapack Gladstone Financial Corp bought a new stake in GraniteShares 2x Long COIN Daily ETF in the 2nd quarter worth about $293,000.

About GraniteShares 2x Long COIN Daily ETF

(Get Free Report)

The GraniteShares 1.5x Long Coinbase Daily ETF (CONL) is an exchange-traded fund that mostly invests in financials equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Coinbase stock. CONL was launched on Aug 9, 2022 and is managed by GraniteShares.

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